Bombardier plans jets to seat 100-150 people

EmilyChurch

FARNBOROUGH, U.K. (CBS.MW) -- Canadian regional aircraft maker Bombardier
BBD.A, +3.07%
Monday unveiled plans to build a new family of commercial jets that seat from 100 to 150 people. The market for its C-series is seen around 5,800 planes in 20 years valued at $250 billion as regional airlines look for larger jets and as the discount end of the market expands, the company estimates. "It's an area that represents a big opportunity for us," said Gary Scott, the former head of Boeing's 737 division. "It's a move up to the next level." The C-series program is expected to launch mid-2005. Plans shown at the Farnborough Air Show revealed Internet connections and power outlet availability in the cabin. Scott said the twin engine planes will offer lower seat costs for airlines and set "new standards" for low emissions and noise.

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